Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said the market’s major focus next week would be the US Federal Reserve’s two-day policy meeting that is scheduled to wrap up on Thursday.
He said the US also had an earlier strong vaccination drive which could perhaps prevent a wider spread of the Delta variant. "As CPI for June increased by 3.4 per cent, slower than the 4.4 per cent rise in May, weaker inflation growth means that the economy is not expanding, therefore, will take a longer time to recover,” Adam said.
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